diff --git a/pkg/compiler/codegen.go b/pkg/compiler/codegen.go
index a74d4b420..2f9e6db3e 100644
--- a/pkg/compiler/codegen.go
+++ b/pkg/compiler/codegen.go
@@ -758,8 +758,9 @@ func (c *codegen) Visit(node ast.Node) ast.Visitor {
 		}
 		// Do not swap for builtin functions.
 		if !isBuiltin {
-			if typ, ok := c.typeOf(n.Fun).(*types.Signature); ok && typ.Variadic() {
-				// pack variadic args into an array
+			typ, ok := c.typeOf(n.Fun).(*types.Signature)
+			if ok && typ.Variadic() && !n.Ellipsis.IsValid() {
+				// pack variadic args into an array only if last argument is not of form `...`
 				varSize := len(n.Args) - typ.Params().Len() + 1
 				c.emitReverse(varSize)
 				emit.Int(c.prog.BinWriter, int64(varSize))
diff --git a/pkg/compiler/function_call_test.go b/pkg/compiler/function_call_test.go
index 072542f58..d85bc29c8 100644
--- a/pkg/compiler/function_call_test.go
+++ b/pkg/compiler/function_call_test.go
@@ -186,7 +186,7 @@ func TestLocalsCount(t *testing.T) {
 }
 
 func TestVariadic(t *testing.T) {
-	src := `package foo
+	srcTmpl := `package foo
 	func someFunc(a int, b ...int) int {
 		sum := a
 		for i := range b {
@@ -195,9 +195,21 @@ func TestVariadic(t *testing.T) {
 		return sum
 	}
 	func Main() int {
-		return someFunc(10, 1, 2, 3)
+		%s
+		return someFunc(10, %s)
 	}`
-	eval(t, src, big.NewInt(4))
+	t.Run("Elements", func(t *testing.T) {
+		src := fmt.Sprintf(srcTmpl, "", "1, 2, 3")
+		eval(t, src, big.NewInt(4))
+	})
+	t.Run("Slice", func(t *testing.T) {
+		src := fmt.Sprintf(srcTmpl, "a := []int{1, 2, 3}", "a...")
+		eval(t, src, big.NewInt(4))
+	})
+	t.Run("Literal", func(t *testing.T) {
+		src := fmt.Sprintf(srcTmpl, "", "[]int{1, 2, 3}...")
+		eval(t, src, big.NewInt(4))
+	})
 }
 
 func TestVariadicMethod(t *testing.T) {